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DIOCESE OF OWENSBORO 600 Locust Street Owensboro, KY 423012130WORKERS COMPENSATION PAYROLL AUDIT period June 1, 2016, to May 31, 2017, Employer: Address: City, State, Zip Number of workers at this
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What is workers compensation payroll audit?
A workers compensation payroll audit is a process that verifies the accuracy of an employer's reported payroll and classification of employees for determining the correct workers' compensation insurance premium.
Who is required to file workers compensation payroll audit?
Employers who carry workers' compensation insurance are typically required to file a payroll audit to ensure compliance with insurance premium calculations.
How to fill out workers compensation payroll audit?
To fill out a workers compensation payroll audit, an employer should gather payroll records, employee classifications, and any subcontractor information, then follow the audit form instructions provided by their insurance carrier.
What is the purpose of workers compensation payroll audit?
The purpose of a workers compensation payroll audit is to ensure that employers are paying the correct amounts for their workers' compensation insurance premiums based on accurate payroll figures and employee classifications.
What information must be reported on workers compensation payroll audit?
Information that must be reported includes total payroll for each employee classification, number of employees in each classification, subcontractor details, and any changes in business operations that may affect classifications.
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